Ethena’s TVL Reaches AHT Of $6.33 Billion, Signalling Strong Adoption and Market Resilience
The post Ethena’s TVL Reaches AHT Of $6.33 Billion, Signalling Strong Adoption and Market Resilience appeared on BitcoinEthereumNews.com.
The crypto market continues with its resilience, holding firm the recovery, which began earlier mid-last week. With major assets like BTC and ETH holding above $80,000 and $1,900 respectively, several altcoins are capturing attention with their market activity. Today, data according shared by Satoshi Club spotted Ethena’s TVL reaching a new AHT of $6.33 billion. .@ethena_labs’s TVL has surged 10% in the past week, reaching a new all-time high. It is now the 4th largest DeFi protocol and holds more TVL than any blockchain except Ethereum and Solana. pic.twitter.com/WV2gHeYHTG — Satoshi Club (@esatoshiclub) March 21, 2025 Ethena climbs to $6.33 billion AHT Today, Ethena Labs, a stablecoin protocol and RWA platform, reached a new AHT of $6.33 billion, after seeing a 10% surge over the past week. Reaching this historical peak of $10 billion TVL makes Ethena the 4th largest DeFi protocol and now holds more TVL than any other blockchain except Ethereum and Solana. This substantial milestone showcases the rising interest in the Ethena protocol and its investment in the DeFi market. The key contributors to this overall TVL’s growth are Ethena’s assets including USDe and UStb, highlighting the network’s growing influence and adoption in the market. This accomplishment signals the wider trend in the DeFi ecosystem where projects like Ethena continues attracting massive inflow of funds. The surge in TVL not only indicates growing investor confidence in the Ethena platform but also shows a strong demand for its related DeFi services and products. ENA price updates However, the effect of TVL climbing to a new high has still not been seen in Ethena’s native token’s price activity. ENA is still in a correction trend, which started a month ago. Its price has been down 12.6% and 0.1% over the past month and seven days ago respectively. However, on-chain…
Filed under: News - @ March 22, 2025 6:15 pm